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Man I should have shorted Tesla stock, but when these bubble pop is hard to predict
by qwertytyyuu 1y ago
Man I should have shorted Tesla stock, but when these bubble pop is hard to predict
- barney54 1y agoI wanted to short the stock 8 years ago and boy was I wrong!
- more_corn 1y agoThe market can stay irrational longer than you can stay solvent.
- thekid314 1y agoTSLQ
- mminer237 1y agoNote that you would have lost 91% of your money over the last year with this. Gambling on the precise timing of a stock crash is really hard to make profitable. Plus buying an inverse ETF has higher fees than actually shorting it and you can't make a pair trade or earn interest on the money.
- deleted 1y ago[deleted]
- TheAlchemist 1y agoVery very risky (I'm still doing it though). Some very skilled short sellers lost a ton of money on Tesla - for example Jim Chanos - a guy who predicted the fall of Enron and shorted quite a lot of stocks that turned out trash - Beyond Meat, Wirecard, Hertz. But he closed his fund late 2023, in big part because of his short position on Tesla. He's still a very vocal advocate of Teslaq. Feel really bad for the guy - Tesla will end up crashing, but it will take way way longer that anybody could anticipated.